, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange.
Sales, which climbed during the pandemic as people stayed home and cooked for themselves, have tumbled from nearly $500 million in the fourth quarter of 2020 to just over $300 million in its most recent fourth quarter. Analysts say that creditors could potentially call Tupperware on its debt, which the company is unlikely to be able to repay.
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Tupperware stock plunges after warning it could go out of business | CNN BusinessThe 77-year-old company planned to grow its business through multiple retail channels -- like Target -- and get its products in front of younger consumers who’ve never even heard of Tupperware parties. That has failed to work so far. surprised they lasted as long as they did after Gladware came to stores decades ago Tupperwhere? 'You still get the free sailboat though'
La source: CNN - 🏆 4. / 95 Lire la suite »
Micron, Tesla, Apple, Tupperware and other stocks on the moveTupperware, Micron Technology and Pioneer Resources were among the biggest moving shares on Monday.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
Tupperware’s stock craters after food-storage company warns it may go bustTupperware Brands Corp.'s stock slid 45% Monday to the lowest level in three years. I guess no more people hosting Tupperware parties
La source: MarketWatch - 🏆 3. / 97 Lire la suite »